[8-K] Stride, Inc. Reports Material Event

Rhea-AI Filing Summary

Form 4 shows that CEO & Co-CIO David L. Finkelstein disposed of 50,000 Annaly Capital Management (NLY) common shares on 08/04/2025.

• Weighted-average price: $20.79 (range $20.57-$20.93).
• Sale executed under a Rule 10b5-1 plan adopted 05/16/2024 for tax and estate planning purposes.
• Post-sale direct holding: 743,430 shares, which includes dividend-equivalent units (DEUs). The transaction reduced his direct position by roughly 6%.

No derivative transactions were reported. The filing is a routine Section 16 disclosure; no earnings or operational data were included.

Because the sale was pre-scheduled, it lessens concerns about adverse insider sentiment, yet large disposals by top executives can still be interpreted cautiously by investors. Further insider activity should be monitored for trend confirmation.

Positive

• Sale executed under a pre-arranged Rule 10b5-1 plan, reducing risk of opportunistic insider trading and signaling adherence to governance best practices.

Negative

• CEO disposed of 50,000 shares (~6% of his direct holdings), which could be read as a modest negative sentiment signal despite being planned.

Insights

Securities Analyst

TL;DR: CEO sells 50k shares (~6% of stake) under 10b5-1; neutral-to-slightly negative signal, limited fundamental impact.

The sale is modest relative to Finkelstein’s remaining 743k-share position and was pre-arranged, tempering bearish interpretations. No derivatives or multiple insiders involved, keeping liquidity effects insignificant. Still, insider disposals—especially by the chief executive—often raise sentiment questions. I classify the event as low materiality; watch for follow-up filings to gauge trend.

Corporate Governance Expert

TL;DR: Planned disposition aligns with best-practice Rule 10b5-1 use; governance risk remains low.

The filing demonstrates compliance with SEC’s revised insider-trading safeguards: advance adoption of a 10b5-1 plan and complete price-range disclosure. The remaining equity stake maintains management-shareholder alignment. From a governance standpoint, the transaction is routine and not impactful to control or voting power.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_________________

FORM 8-K

_________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):  August 5, 2025

_______________________________

Stride, Inc.

(Exact name of registrant as specified in its charter)

_______________________________

Delaware	001-33883	95-4774688
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

11720 Plaza America Drive, 9th Floor

Reston, Virginia 20190

(Address of Principal Executive Offices) (Zip Code)

(703) 483-7000

(Registrant's telephone number, including area code)

NA

(Former name or former address, if changed since last report)

_______________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $0.0001 par value per share	LRN	New York Stock Exchange (NYSE)

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On August 5, 2025, Stride, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full fiscal year ended June 30, 2025. A copy of the Company’s press release is furnished herewith as Exhibit 99.1.

The information contained in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that Section. The information in this Item 2.02, including Exhibit 99.1, shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d)            Exhibits

Exhibit No.		Description
99.1		Press Release regarding financial results for the quarter and year ended June 30, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Stride, Inc.
Date: August 5, 2025	By:	/s/ Greerson McMullen
		Greerson McMullen
		EVP, General Counsel & Secretary

FAQ

How many Annaly Capital (NLY) shares did the CEO sell?

David L. Finkelstein sold 50,000 common shares on 08/04/2025.

What price did the NLY insider receive for the shares?

The weighted-average price was $20.79, with trades ranging from $20.57 to $20.93.

Was the insider transaction under a Rule 10b5-1 plan?

Yes. The filing states the sale was made under a Rule 10b5-1 plan adopted on 05/16/2024.

How many NLY shares does the CEO own after the sale?

Following the transaction, Finkelstein directly owns 743,430 shares, including dividend-equivalent units.

Does the Form 4 include any derivative transactions?

No. No derivative securities were acquired or disposed of in this filing.